Services
Title Insurance
Buying a home is one of the largest if not the largest investment many people will make in their lifetime. A person should want to make this investment secure by protecting the basic proof of ownership. Title Insurance is the best way to accomplish this.
A title is the evidence that a person has ownership and possession of land. There are many problems that can make a title defective. These “defects” can remain undisclosed even after the most thorough search of public records. This can be dangerous because you may not learn of them for many months or even years. However, such defects could force you to spend substantial amounts on a legal defense and still result in the loss of your property.
Title Insurance is a means of protecting yourself from financial loss in the event that these problems arise. Not only does it protect from financial loss, but title insurance also pays the cost of defending against any covered claim.
You may think that the Title Insurance that covers the lender covers you as well. This is not necessarily true. There are two types of Title Insurance. A Lender’s Policy, which is required by your lender, only insures that the financial institution has a valid, enforceable lien on the property. Unlike the Lender’s Policy, the Owner’s Policy protects you from title defects that existed prior to the issue date of your policy. Title troubles, such as improper estate proceedings or pending legal action, could put your equity at serious risk. If a valid claim is filed, in addition to financial loss up to the face amount of the policy, your owner’s title policy covers the full cost of any legal defense of your title.
Complete Real Estate Closing
As you approach the end of the road to finding a home, the finish line is the “closing” or “settlement.” That’s when the deal on your new home finally comes to a close and you own it.
Sounds simple enough, but a lot of moving pieces all have to line up: loan funding, inspections, appraisals, title clearance, recording the change of ownership with the county, insurance coverage and more. Let us make this whole process easier.
Real Estate Title Searches
Anyone can do a title search, but few want to spend the time and energy. Recorded documents concerning conveyances of land are a matter of public record. These documents are maintained in hard copy format or scanned into image files by the recording office in the jurisdiction where the subject property is located. Each record is a document evidencing an event that occurred in the history of the property. When combined, these records create a chain of title for a specific piece of property. Weber can handle this work for you.
Construction Disbursement Services
Weber Abstract Company can facilitate all of your construction disbursement needs. Whether your project will be funded in one stage or in many, we can provide the services necessary to assure that funds are disbursed in accordance with your project requirements. By reviewing draw requests, auditing lien waivers, and verifying no liens have been filed, we make sure that the funds are disbursed in a timely manner, consistent with your disbursement agreement.